Archive | May 27, 2014

ChyronHego Q1 losses increase in spite of increased revenues

27 May

ChyronHego losses increased for Q1 2014 in spite of increased revenues (mainly due to merger with Hego) and cost cutting measures. WhIle Q1 2014 revenues increased 57% to $12.6 million compared to $8.0 million in Q1 2013, the company showed an operating loss in Q1 2014 of $3.1 million compared to operating loss in Q1 2013 of $0.8 million; Q1 Net loss was $3.2 million in Q1 2014, as compared to a net loss of $0.9 million in Q1 2013;